Lucid Group, Inc. · NASDAQ:LCID
Lucid — Investor Day (September 2024)
167 slides from Lucid's investor day presentation, Sep 10, 2024
Slide 1: Lucid Technology & Manufacturing Day
Lucid Technology & Manufacturing Day September 10, 2024 LUCID GROUP, INC. 1
Slide 2: Forward Looking Statements
LUCID TECHNOLOGY & MANUFACTURING DAY Forward Looking Statements This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of
Slide 3: LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC.
LUCID TECHNOLOGY & MANUFACTURING DAY 2016 2020 LUCID GROUP, INC. 3
Slide 4: Create And Put Into Production The Best Car In The World
Create And Put Into Production The Best Car In The World LUCID GROUP, INC. 4
Slide 5: Advance the State-of-the-Art of EV Technologies
Advance the State-of-the-Art of EV Technologies LUCID GROUP, INC. 5
Slide 6: Apply These Advancements to a Broader Electromobility to Benefit Everyone
Apply These Advancements to a Broader Electromobility to Benefit Everyone LUCID GROUP, INC. 6
Slide 7: LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC.
LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC. 7
Slide 8: LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC.
LUCID TECHNOLOGY & MANUFACTURING DAY 2020 2018 LUCID GROUP, INC. 8
Slide 9: Lucid Technology Powers the EV Motorsport World Championship
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Technology Powers the EV Motorsport World Championship LUCID GROUP, INC. 9
Slide 10: LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC.
LUCID TECHNOLOGY & MANUFACTURING DAY 2020 LUCID GROUP, INC. 10
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LUCID TECHNOLOGY & MANUFACTURING DAY 2019 2020 LUCID GROUP, INC. 11
Slide 12: LUCID GROUP, INC.
LUCID GROUP, INC. 12
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LUCID TECHNOLOGY & MANUFACTURING DAY 2020 2020 LUCID GROUP, INC. 13
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LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC. 14
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LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC. 15
Slide 16: LUCID GROUP, INC.
Luce LUCID GROUP, INC. i uu — — oa
Slide 17: Promised world's first 500 mile range electric car
Promised world’s first 500 mile range electric car LUCID GROUP, INC. 17
Slide 18: LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC.
LUCID TECHNOLOGY & MANUFACTURING DAY 2021 2020 LUCID GROUP, INC. 18
Slide 19: LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC.
LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC. 19
Slide 20: Started production & delivered Lucid Air with up to 520 miles of range
LUCID TECHNOLOGY & MANUFACTURING DAY Started production & delivered Lucid Air with up to 520 miles of range LUCID GROUP, INC. 20
Slide 21: Independent Real-World Range Test Lucid Air Dream Edition
LUCID TECHNOLOGY & MANUFACTURING DAY Independent Real-World Range Test Lucid Air Dream Edition (2022) 500 miles at 70 mph LUCID GROUP, INC. Source: https://www.youtube.com/watch?v=HpcMcgxjiL8&t=822s 21
Slide 22: LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC.
LUCID TECHNOLOGY & MANUFACTURING DAY 2022 2020 LUCID GROUP, INC. 22
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LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC. 23
Slide 24: Enter the Bear
LUCID TECHNOLOGY & MANUFACTURING DAY Enter the Bear LUCID GROUP, INC. 24
Slide 25: LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC.
LUCID TECHNOLOGY & MANUFACTURING DAY 2023 2020 LUCID GROUP, INC. 25
Slide 26: Lucid's Powertrain Technology Propels Aston Martin to a Bold Electric Future
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid’s World-Leading Electric Powertrain Technology Propels Aston Martin to a Bold Electric Future LUCID GROUP, INC. 26
Slide 27: Lucid Saudi Arabia Factory | AMP-2 (SKD)
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Saudi Arabia Factory | AMP-2 (SKD) LUCID GROUP, INC. 27
Slide 28: Lucid Air Pure RWD and Sapphire Start of Production
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Pure RWD Start of Production Lucid Air Sapphire Start of Production LUCID GROUP, INC. 28
Slide 29: Lucid Air Performance vs. Formula 1 Vehicles at Monza
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Performance vs. Formula 1 Vehicles at Monza Lando Norris Oscar Piastri George Russell Sapphire Grand Touring LUCID GROUP, INC. 29
Slide 30: Lucid Gravity Launch | LA Auto Show
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Gravity Launch | LA Auto Show LUCID GROUP, INC. 30
Slide 31: LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC.
LUCID TECHNOLOGY & MANUFACTURING DAY 2024 2020 LUCID GROUP, INC. 31
Slide 32: Lucid Saudi Arabia Factory | AMP-2 (CBU)
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Saudi Arabia Factory | AMP-2 (CBU) LUCID GROUP, INC. 32
Slide 33: Longest Range Electric Vehicle by EPA Measurement
LUCID TECHNOLOGY & MANUFACTURING DAY Longest Range Electric Vehicle by EPA Measurement 512 miles 420 miles 406 miles 402 miles 371 miles 318 miles Lucid Air Grand Touring Lucid Air Pure Lucid Air Touring Competitor A Competitor B Competitor C LUCID GROUP, INC. (1) EPA est. range ratings when equippe
Slide 34: Independent Real-World Range Test Lucid Air GT
LUCID TECHNOLOGY & MANUFACTURING DAY Independent Real-World Range Test Lucid Air GT (2025) Kyle Conner 510+ miles at 70 mph LUCID GROUP, INC. Source: https://www.youtube.com/watch?v=tjZ0VYYJin0 34
Slide 35: Lucid Air EPA Range by Variant
LUCID TECHNOLOGY & MANUFACTURING DAY Pure 420 miles Touring 406 miles Grand Touring 512 miles LUCID GROUP, INC. (1) EPA est. range ratings when equipped with 19” wheels: 512 Grand Touring, 406 Touring, 420 Pure (equipped with standard wheel covers). Range and battery power vary with temperature, 35
Slide 36: Lucid Air Range and Battery Size
LUCID TECHNOLOGY & MANUFACTURING DAY Pure 420 miles 84 kWh Touring 406 miles 92 kWh Grand Touring 512 miles 117 kWh LUCID GROUP, INC. (1) EPA est. range ratings when equipped with 19” wheels: 512 Grand Touring, 406 Touring, 420 Pure (equipped with standard wheel covers). Range and battery power vary
Slide 37: Lucid Air Efficiency by Variant
LUCID TECHNOLOGY & MANUFACTURING DAY Pure 420 miles 84 kWh Up to 5.0 mi/kWh Touring 406 miles 92 kWh Up to 4.41 mi/kWh Grand Touring 512 miles 117 kWh Up to 4.38 mi/kWh LUCID GROUP, INC. (1) EPA est. range ratings when equipped with 19” wheels: 512 Grand Touring, 406 Touring, 420 Pure (equipped with
Slide 38: 5.0 miles of range per kWh
5.0 miles of range per kWh LUCID GROUP, INC. 38
Slide 39: The Importance of Our Mission
LUCID TECHNOLOGY & MANUFACTURING DAY The Importance of Our Mission U.S. Greenhouse Gas Emissions Allocated to Economic Sectors Passenger and Light-Duty Vehicles 57% of transportation sector emissions 2500 16% of US emissions Electric Power Industry Medium- and Heavy-Duty Trucks 23% of transportation
Slide 40: Lucid Air Awards & Accolades
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Awards & Accolades LUCID GROUP, INC. 40
Slide 41: Lucid Air Awards & Accolades
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Awards & Accolades LUCID GROUP, INC. 41
Slide 42: LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC.
LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC. 42
Slide 43: LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC.
LUCID TECHNOLOGY & MANUFACTURING DAY LUCID GROUP, INC. 43
Slide 44: Kingdom of Saudi Arabia quote
LUCID TECHNOLOGY & MANUFACTURING DAY “The Kingdom is preparing its people for tomorrow’s world a world that is connected, technology-forward, and facing climate change head-on.” LUCID GROUP, INC. 44
Slide 45: LUCID TECHNOLOGY & MANUFACTURING DAY
LUCID TECHNOLOGY & MANUFACTURING DAY
Slide 46: Lucid Gravity – Best SUV ever
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Gravity – Best SUV ever LUCID GROUP, INC. 46
Slide 47: Lucid Gravity – Best SUV ever
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Gravity – Best SUV ever Only possible via our technology LUCID GROUP, INC. 47
Slide 48: Lucid Gravity – Best SUV ever
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Gravity – Best SUV ever Only possible via our technology Cost effective to manufacture LUCID GROUP, INC. 48
Slide 49: Technology
LUCID TECHNOLOGY & MANUFACTURING DAY Technology LUCID GROUP, INC. 49
Slide 50: Technology
LUCID TECHNOLOGY & MANUFACTURING DAY Technology Motor & Transmission Inverter Charging System Battery Pack Software LUCID GROUP, INC. 50
Slide 51: Ultra High Voltage Up to 924V Architecture
LUCID TECHNOLOGY & MANUFACTURING DAY Ultra High Voltage 230,000V to 500,000V Up to 924V Architecture Fastest Charging EV in the U.S. Market Reduced Energy Losses LUCID GROUP, INC. 51
Slide 52: Drive Unit
LUCID TECHNOLOGY & MANUFACTURING DAY Drive Unit Inverter Compact Powerful Efficient Motor Transmission LUCID GROUP, INC. 52
Slide 53: Motor – Stator
LUCID TECHNOLOGY & MANUFACTURING DAY Motor – Stator Next-Level Electromagnetics Microjet Cooling LUCID GROUP, INC. 53
Slide 54: Motor – Copper Winding Technology
LUCID TECHNOLOGY & MANUFACTURING DAY Motor – Copper Winding Technology Continuous Wave Winding Technology Unique Manufacturing Process (No Hairpins) Reduced Welds By As Much As 90% Fully Automated Manufacturing Process – Reduces Cost LUCID GROUP, INC. 54
Slide 55: Motor – Rotor
LUCID TECHNOLOGY & MANUFACTURING DAY Motor – Rotor Double Layered V Magnets Hollow Core Compact And Integrated Differential LUCID GROUP, INC. 55
Slide 56: Inverter
LUCID TECHNOLOGY & MANUFACTURING DAY Inverter Compact SiC MOSFET (Silicon Carbide chip) Advanced Cooling Technology LUCID GROUP, INC. 56
Slide 57: Wunderbox Charging System
LUCID TECHNOLOGY & MANUFACTURING DAY “Wunderbox” Charging System Integrated Multifunctional Unit 19.2 kW Bidirectional Charging Boost Charging 400V up to 924V LUCID GROUP, INC. 57
Slide 58: Battery Module
LUCID TECHNOLOGY & MANUFACTURING DAY Battery Module Structural Pack Element Award Winning Integrated Molding Integrated BMS LUCID GROUP, INC. 58
Slide 59: Battery Pack
LUCID TECHNOLOGY & MANUFACTURING DAY Battery Pack Structural Pack Motorsport Derived Up to 924V LUCID GROUP, INC. 59
Slide 60: Lucid Introduced its Zonal Architecture with Ethernet Ring in 2021
Lucid Introduced its Zonal Architecture with Ethernet Ring in 2021 LUCID GROUP, INC. 60
Slide 61: Zonal Architecture Is In Every Lucid Produced
LUCID TECHNOLOGY & MANUFACTURING DAY Zonal Architecture Is In Every Lucid Produced Zonal Architecture Motor & Transmission Inverter Charging System Battery Pack Software LUCID GROUP, INC. 61
Slide 62: Efficiency (miles/kWh)
Efficiency (miles/kWh) 0.0 1.0 2.0 3.0 4.0 5.0 Lucid Air Pure RWD Lucid Air Touring Lucid Air Grand Touring Tesla Model S DM AWD LUCID GROUP, INC. Genesis Electrified GV70 BMW i4 xDrive40 BMW i5 eDrive40 Lucid Air Sapphire Tesla Model S Plaid BMW i4 M50 $26 per mile Mercedes EQE 350+ 5.00 mi/kWh Che
Slide 63: Efficiency (EPA MPGe)
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Has A Significant Technology Advantage. If The Closest Competitor Were To Continue Their Rate Of Progress, It Would Take Many Years To Match Lucid Today 180 Lucid Air Competitor A Competitor B 165 Lucid Air (Trend) Competitor A (Trend) Competitor C 150 146
Slide 64: EV Sedan – 0 to 200 Miles Charging Time
LUCID TECHNOLOGY & MANUFACTURING DAY EV Sedan – 0 to 200 Miles Charging Time 24 min 19 min 17 min 16 min 15 min 15 min 12 min Lucid Air Grand Touring Lucid Air Sapphire Competitor A Lucid Air Touring Lucid Air Pure Competitor C Competitor B LUCID GROUP, INC. 64
Slide 65: Miles Rate of Charge
LUCID TECHNOLOGY & MANUFACTURING DAY miles Rate of Charge min LUCID GROUP, INC. 65
Slide 66: Miles Rate of Charge
LUCID TECHNOLOGY & MANUFACTURING DAY miles 𝑘𝑊 𝑝𝑜𝑤𝑒𝑟 Rate of Charge → min 60 LUCID GROUP, INC. 66
Slide 67: Miles Rate of Charge
LUCID TECHNOLOGY & MANUFACTURING DAY 𝑚𝑖𝑙𝑒𝑠 miles 𝑘𝑊 𝑝𝑜𝑤𝑒𝑟 𝑥 𝐸𝑓𝑓𝑖𝑐𝑖𝑒𝑛𝑐𝑦 ( ) Rate of Charge ~ 𝑘𝑊ℎ min 60 LUCID GROUP, INC. 67
Slide 68: Charging Speed Measured in Miles per Minute
LUCID TECHNOLOGY & MANUFACTURING DAY Charging Speed Measured in Miles per Minute Lucid Air Competitor LUCID GROUP, INC. 68
Slide 69: Charging Speed Measured in Miles per Minute
LUCID TECHNOLOGY & MANUFACTURING DAY Charging Speed Measured in Miles per Minute Lucid Air Competitor A Competitor B Competitor C LUCID GROUP, INC. 69
Slide 70: Cost Effectiveness of Lucid Technology
LUCID TECHNOLOGY & MANUFACTURING DAY Cost Effectiveness of Lucid Technology LUCID GROUP, INC. 70
Slide 71: A2MAC1 benchmarking leader
THIS DOCUMENT IS CLASSIFIED AS PUBLIC. A2MAC1 has been the global automotive technology and cost benchmarking leader for over 28 years and our trusted partner since our inception 28 years 900+ customers 21 locations 730+ staff of global auto industry among leading OEMs, Startups across Europe, Ameri
Slide 72: Lucid Drive Unit Is Best-in-Class Across All Key Performance Metrics
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Drive Unit Is Best-in-Class Across All Key Performance Metrics Peak Power [hp] Gravimetric Power Density [hp/kg] Cost per hp [$/hp] Volumetric Power Density [hp/l] Gravimetric Torque Density [Nm/kg] LUCID GROUP, INC. Source: A2MAC1 72
Slide 73: Drive Unit Performance
LUCID TECHNOLOGY & MANUFACTURING DAY Drive Unit Performance Horsepower (HP) 671 HP 362 HP 344 HP 335 HP Lucid Competitor A Competitor B Competitor C LUCID GROUP, INC. Source: A2MAC1 | Note: All drive unit costs have been evaluated for an assumed annual volume of 200,000, with production in China 73
Slide 74: Drive Unit Performance
LUCID TECHNOLOGY & MANUFACTURING DAY Mass (KG) Drive Unit Performance Horsepower (HP) 671 HP 153 KG 125 KG 96 KG 362 HP 344 HP 76 KG 335 HP Lucid Competitor A Competitor B Competitor C LUCID GROUP, INC. Source: A2MAC1 | Note: All drive unit costs have been evaluated for an assumed annual volume of 2
Slide 75: Drive Unit Performance
LUCID TECHNOLOGY & MANUFACTURING DAY Drive Unit Performance Horsepower (HP) Mass (KG) Power Density (HP/KG) 671 HP 153 KG 8.8 HP/KG 125 KG 96 KG 362 HP 344 HP 76 KG 335 HP 3.5 HP/KG 2.8 HP/KG 2.4 HP/KG Lucid Competitor A Competitor B Competitor C LUCID GROUP, INC. Source: A2MAC1 | Note: All drive un
Slide 76: Drive Unit Performance and Cost
LUCID TECHNOLOGY & MANUFACTURING DAY Drive Unit Performance and Cost Horsepower (HP) Mass (KG) Power Density (HP/KG) 671 HP 153 KG 8.8 HP/KG 125 KG 96 KG 362 HP 344 HP 76 KG 335 HP 3.5 HP/KG 2.8 HP/KG 2.4 HP/KG Lucid Competitor A Competitor B Competitor C Cost $1,911 $1,653 $1,999 $2,039 LUCID GROUP
Slide 77: Drive Unit Performance and Cost
LUCID TECHNOLOGY & MANUFACTURING DAY Drive Unit Performance and Cost Horsepower (HP) Mass (KG) Power Density (HP/KG) 671 HP 153 KG 8.8 HP/KG 125 KG 96 KG 362 HP 344 HP 76 KG 335 HP 3.5 HP/KG 2.8 HP/KG 2.4 HP/KG Lucid Competitor A Competitor B Competitor C Cost $1,911 $1,653 $1,999 $2,039 Normalized
Slide 78: Next Generation Atlas Drive Unit
LUCID TECHNOLOGY & MANUFACTURING DAY Next Generation Atlas Drive Unit LUCID GROUP, INC. 78
Slide 79: Next Generation Atlas Drive Unit
LUCID TECHNOLOGY & MANUFACTURING DAY Next Generation Atlas Drive Unit Midsize LUCID GROUP, INC. 79
Slide 80: Next Generation Atlas Drive Unit
LUCID TECHNOLOGY & MANUFACTURING DAY Next Generation Atlas Drive Unit Midsize LUCID GROUP, INC. 80
Slide 81: Next Generation Atlas Drive Unit
LUCID TECHNOLOGY & MANUFACTURING DAY Next Generation Atlas Drive Unit Midsize LUCID GROUP, INC. 81
Slide 82: Stator Electrical Steel and Copper (Cost & Mass)
LUCID TECHNOLOGY & MANUFACTURING DAY Stator Electrical Steel and Copper (Cost & Mass) Stator Electrical Steel Cost ($) Stator Electrical Steel Mass (kg) 140 30 $122.03 $126.37 120 $100.25 $99.32 21.20 kg 100 20 17.60 kg 18.50 kg 80 15.80 kg 60 10 40 20 0 0 Lucid Comp A Comp B Comp C Lucid Comp A Com
Slide 83: Stator Electrical Steel and Copper (Cost & Mass)
LUCID TECHNOLOGY & MANUFACTURING DAY Stator Electrical Steel and Copper (Cost & Mass) Stator Electrical Steel Cost ($) Stator Electrical Steel Mass (kg) 140 30 $122.03 $126.37 120 $115.91 $100.25 $99.32 21.20 kg 100 19.10 kg 20 17.60 kg 18.50 kg 80 15.80 kg 60 10 40 20 0 0 Lucid Comp A Comp B Comp C
Slide 84: Stator Electrical Steel and Copper (Cost & Mass)
LUCID TECHNOLOGY & MANUFACTURING DAY Stator Electrical Steel and Copper (Cost & Mass) Stator Electrical Steel Cost ($) Stator Electrical Steel Mass (kg) -14% 140 30 $122.03 $126.37 $115.91 -17% 120 $100.25 $99.32 21.20 kg 100 19.10 kg 20 17.60 kg 18.50 kg 80 15.80 kg 60 10 40 20 0 0 Lucid Comp A Com
Slide 85: Rotor Electrical Steel and Magnet (Cost & Mass)
LUCID TECHNOLOGY & MANUFACTURING DAY Rotor Electrical Steel and Magnet (Cost & Mass) Rotor Electrical Steel Cost ($) Rotor Electrical Steel Mass (kg) 100 25 80 $76.36 20 $69.71 17.5 kg $60.67 15.7 kg $58.56 60 15 40 10 7.8 kg 8.2 kg 20 5 0 0 Lucid Comp A Comp B Comp C Lucid Comp A Comp B Comp C Roto
Slide 86: Rotor Electrical Steel and Magnet (Cost & Mass)
LUCID TECHNOLOGY & MANUFACTURING DAY Rotor Electrical Steel and Magnet (Cost & Mass) Rotor Electrical Steel Cost ($) Rotor Electrical Steel Mass (kg) 100 25 80 $76.36 20 $69.71 $68.91 17.5 kg $60.67 15.7 kg $58.56 13.8 kg 60 15 40 10 7.8 kg 8.2 kg 20 5 0 0 Lucid Comp A Comp B Comp C Avg. of Comp Set
Slide 87: Rotor Electrical Steel and Magnet (Cost & Mass)
LUCID TECHNOLOGY & MANUFACTURING DAY Rotor Electrical Steel and Magnet (Cost & Mass) Rotor Electrical Steel Cost ($) Rotor Electrical Steel Mass (kg) 100 -15% 25 -43% 80 $76.36 20 $69.71 $68.91 17.5 kg $60.67 15.7 kg $58.56 13.8 kg 60 15 40 10 7.8 kg 8.2 kg 20 5 0 0 Lucid Comp A Comp B Comp C Avg. o
Slide 88: Lucid's Cost To Manufacture The Stator & Rotor Is About Two Thirds Of Competitor's
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid’s Cost To Manufacture The Stator & Rotor Is About Two Thirds Of The Competitor’s Cost Lucid Air | Stator & Rotor EV Competitor | Stator & Rotor LUCID GROUP, INC. Source: Lucid Analysis 88
Slide 89: LUCID GROUP, INC.
LUCID GROUP, INC. 89
Slide 90: 10g LUCID GROUP, INC.
10g LUCID GROUP, INC. 90
Slide 91: Double Layered V Magnets (Rotor)
LUCID TECHNOLOGY & MANUFACTURING DAY Double Layered V Magnets (Rotor) LUCID GROUP, INC. 91
Slide 92: Double Layered V Magnets (Rotor)
LUCID TECHNOLOGY & MANUFACTURING DAY Double Layered V Magnets (Rotor) 30,000g LUCID GROUP, INC. 92
Slide 93: Lucid Technology Powers the EV Motorsport World Championship
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Technology Powers the EV Motorsport World Championship LUCID GROUP, INC. 93
Slide 94: Lucid Technology Powers the EV Motorsport World Championship
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Technology Powers the EV Motorsport World Championship LUCID GROUP, INC. 469hp 94
Slide 95: Cost of Range
LUCID TECHNOLOGY & MANUFACTURING DAY $ Cost of Range (battery cost for a vehicle) mile LUCID GROUP, INC. 95
Slide 96: Cost of Range
LUCID TECHNOLOGY & MANUFACTURING DAY $ Cost of Cells $ per kWh Cost of Range = (battery cost for a vehicle) mile LUCID GROUP, INC. 96
Slide 97: Cost of Range
LUCID TECHNOLOGY & MANUFACTURING DAY $ Cost of Cells $ per kWh Cost of Range = (battery cost for a vehicle) mile 𝐸𝑓𝑓𝑖𝑐𝑖𝑒𝑛𝑐𝑦 (𝑚𝑖𝑙𝑒𝑠 𝑝𝑒𝑟 𝑘𝑊ℎ) LUCID GROUP, INC. 97
Slide 98: 5.0 miles of range per kWh
LUCID GROUP, INC. 5.0 miles of range per kWh 98
Slide 99: Energy Cost and Energy Container
LUCID TECHNOLOGY & MANUFACTURING DAY Energy Cost Energy Container $0.23 $128 per kWh per kWh (at pack level) LUCID GROUP, INC. 99
Slide 100: Battery Cost Benefit of Lucid's Efficiency Technology
LUCID TECHNOLOGY & MANUFACTURING DAY Battery Cost Benefit of Lucid’s Efficiency Technology (1) 420 miles 402 miles 352 miles 2025 Lucid Air Pure Competitor A Competitor B Efficiency (miles/kWh) 5.00 4.11 3.25 Battery Pack Size (kWh) 84 97.8 108.4 Battery Pack Cost (at $128 per kWh) $10,752 $12,518 $
Slide 101: Battery Cost Benefit of Lucid's Efficiency Technology
LUCID TECHNOLOGY & MANUFACTURING DAY Battery Cost Benefit of Lucid’s Efficiency Technology (1) 420 miles 402 miles 352 miles 2025 Lucid Air Pure Competitor A Competitor B Efficiency (miles/kWh) 5.00 4.11 3.25 Battery Pack Size (kWh) 84 97.8 108.4 Battery Pack Cost (at $128 per kWh) $10,752 $12,518 $
Slide 102: Battery Cost Benefit of Lucid's Efficiency Technology
LUCID TECHNOLOGY & MANUFACTURING DAY Battery Cost Benefit of Lucid’s Efficiency Technology 420 miles 402 miles 352 miles 2025 Lucid Air Pure Competitor A Competitor B Efficiency (miles/kWh) 5.00 4.11 3.25 Battery Pack Size (kWh) 84 97.8 108.4 Battery Pack Cost (at $128 per kWh) $10,752 $12,518 $13,8
Slide 103: Bill-of-Materials (BOM) Cost
LUCID TECHNOLOGY & MANUFACTURING DAY Bill-of-Materials (BOM) Cost Should-Cost Analysis Ongoing Supplier Negotiations Battery Pack Optimization Lean Engineering Reviews Introducing Atlas Technology LUCID GROUP, INC. 103
Slide 104: Product Choice
LUCID TECHNOLOGY & MANUFACTURING DAY Product Choice Typical Pickup Truck’s Efficiency: 2.5 mi/kWh 300 miles of range = 120 kWh Battery Pack → $15,360 battery pack cost 375 miles of range = 150 kWh Battery Pack → $19,200 battery pack cost LUCID GROUP, INC. Note: Battery pack cost based on BloombergNE
Slide 105: Software
LUCID TECHNOLOGY & MANUFACTURING DAY Software LUCID GROUP, INC. 105
Slide 106: Vehicle Software Systems Analogy
LUCID TECHNOLOGY & MANUFACTURING DAY Vehicle Software Systems Analogy User-Interface & Graphics LUCID GROUP, INC. 106
Slide 107: Vehicle Software Systems Analogy
LUCID TECHNOLOGY & MANUFACTURING DAY Vehicle Software Systems Analogy User-Interface & Graphics ADAS Motor Control Software Thermal Control Traction & Stability Control Anti-Lock Braking Zonal ECU Control Zonal Architecture with Ethernet Ring Charging Protocols Over-The-Air (OTA) Telematics Steering
Slide 108: In-House Traction Control
LUCID TECHNOLOGY & MANUFACTURING DAY In-House Traction Control State-Of-The-Art Widely Praised By Expert Reviewers Adjusts Torque Commands 1,000 Times A Second LUCID GROUP, INC. Source: https://www.youtube.com/watch?v=KE20h6v0fSQ 108
Slide 109: In-House Motor Control
LUCID TECHNOLOGY & MANUFACTURING DAY In-House Motor Control Motor Speed & Acceleration Thermals And Electromagnetics Central Pillar Of Efficiency Over-The-Air (OTA) Compatible LUCID GROUP, INC. 109
Slide 110: In-House Zero Voltage Switching
LUCID TECHNOLOGY & MANUFACTURING DAY In-House Zero Voltage Switching Improve AC Charging Efficiency (miles per minute) Reduce Home Charging Losses By At Least 50% LUCID GROUP, INC. 110
Slide 111: In-House Battery Management System (BMS)
LUCID TECHNOLOGY & MANUFACTURING DAY In-House Battery Management System (BMS) State Of The Art Distributed System Race Developed LUCID GROUP, INC. 111
Slide 112: In-House Over-the-Air (OTA) Software
LUCID TECHNOLOGY & MANUFACTURING DAY In-House Over-the-Air (OTA) Software OTA Continuously Improving Enhanced Customer Experience High Functionality Scalable and Low Cost LUCID GROUP, INC. 112
Slide 113: In-House Over-the-Air Remote and In-Vehicle Diagnostics
LUCID TECHNOLOGY & MANUFACTURING DAY In-House Over-the-Air Remote and In-Vehicle Diagnostics Rapid Health Check OTA Resolution Customer & Safety Benefit Cost Benefit LUCID GROUP, INC. 113
Slide 114: In-House Testing Automation For Validation
LUCID TECHNOLOGY & MANUFACTURING DAY In-House Testing Automation For Validation Automated Testing Image Recognition LUCID GROUP, INC. Reduced Costs 114
Slide 115: Software Feature Enhancements
LUCID TECHNOLOGY & MANUFACTURING DAY Software Feature Enhancements Navigation Improved HomeLink Scheduled Charging Access Range on Arrival Enhancements (tied to VIN) Improvements Highway Assist Decrease Vehicle Wake- Scheduled Charging CarPlay Turn-by-Turn Performance Up Time via App Improvements Ma
Slide 116: Recently Released 2.4 Oz Software Update
LUCID TECHNOLOGY & MANUFACTURING DAY Recently Released 2.4 “Oz” Software Update Navigation Improved HomeLink Enhancements Access (tied to VIN) Highway Assist Decrease Vehicle Wake- Performance Up Time via App Enhancements Lane Departure Lane Change Assist Protection 3D Lane Visualization LUCID GROUP
Slide 117: Reactions for 2.4 Oz Software Update
LUCID TECHNOLOGY & MANUFACTURING DAY Reactions for 2.4 “Oz” Software Update "Holy crap! What an update. "The HomeLink “Thank you for adding "I really like the improved Kudos lucid team, this is improvements are sooooo HomeLink when the backup lane departure protection..." impressive." welcomed." cam
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Slide 120: July 2024
LUCID TECHNOLOGY & MANUFACTURING DAY July 2024 2020 LUCID GROUP, INC. 120
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Slide 123: Road to Lucid Gravity
LUCID TECHNOLOGY & MANUFACTURING DAY Road to Lucid Gravity Follow our Journey Here LUCID GROUP, INC. 123
Slide 124: Lucid Air – Greatest Occupant Space vs. Competitors
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air – Greatest Occupant Space vs. Competitors Lucid Air Competitor A Competitor B Competitor C LUCID GROUP, INC. 124
Slide 125: Lucid Gravity, Revolutionary Packaging
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Gravity, Revolutionary Packaging Lucid Gravity Competitor A Competitor B Competitor C LUCID GROUP, INC. 125
Slide 126: SUV Competitor Exterior Size
LUCID TECHNOLOGY & MANUFACTURING DAY SUV Competitor Exterior Size Lucid Gravity Competitor A Competitor B Competitor C LUCID GROUP, INC. 126
Slide 127: Lucid Gravity Cargo Space
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Gravity Cargo Space Lucid Gravity European Competitor LUCID GROUP, INC. 127
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Slide 130: Interior Design
INTERIOR DESIGN
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Slide 133: Lucid Gravity North American Charging Standard (NACS)
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Gravity North American Charging Standard (NACS) Integrate NACS Into Vehicles In 2025 Access to 15,000+ Superchargers In 2025 LUCID GROUP, INC. 133
Slide 134: Safety & Crash Testing
Safety & Crash Testing LUCID GROUP, INC. 134
Slide 135: Next Generation Lucid Gravity UX
LUCID TECHNOLOGY & MANUFACTURING DAY Next Generation Lucid Gravity UX LUCID GROUP, INC. 135
Slide 136: In-House Augmented Reality Heads-Up-Display
LUCID TECHNOLOGY & MANUFACTURING DAY In-House Augmented Reality Heads-Up-Display LUCID GROUP, INC. 136
Slide 137: Compatible UX, Providing Uniformity and Lowering Cost
LUCID TECHNOLOGY & MANUFACTURING DAY Compatible UX, Providing Uniformity and Lowering Cost UX Midsize LUCID GROUP, LUCID GROUP, INC. INC. 137
Slide 138: LUCID GROUP, INC.
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Slide 139: Lucid Arizona Factory (AMP-1)
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Arizona Factory (AMP-1) LUCID GROUP, LUCID GROUP, INC. INC. 139
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LUCID TECHNOLOGY & MANUFACTURING DAY 2024 LUCID GROUP, INC. 142
Slide 143: LUCID GROUP, INC.
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Slide 144: Stamping Facility
LUCID TECHNOLOGY & MANUFACTURING DAY Stamping Facility Vertical Integration Process & Quality Control Reduced Scrap Significant Cost Savings LUCID GROUP, INC. 144
Slide 145: Highly Automated Body Facility
LUCID TECHNOLOGY & MANUFACTURING DAY Highly Automated Body Facility All Aluminum Construction, Similar to an Aircraft 248 Robots Advanced Vision Systems Laser Based Quality Control LUCID GROUP, INC. 145
Slide 146: State-Of-The-Art Paint Shop
LUCID TECHNOLOGY & MANUFACTURING DAY State-Of-The-Art Paint Shop Environmentally Sustainable Water Based Process Exceptional Quality LUCID GROUP, INC. 146
Slide 147: In-House Logistics
LUCID TECHNOLOGY & MANUFACTURING DAY In-House Logistics Integrated Warehouse Efficient Operations Reduced OPEX Reduced On-hand Inventory LUCID GROUP, INC. 147
Slide 148: General Assembly
LUCID TECHNOLOGY & MANUFACTURING DAY General Assembly Flexible Manufacturing Line Producing Lucid Air & Pre- Production Lucid Gravity LUCID GROUP, INC. 148
Slide 149: State of the Art Powertrain Facility
LUCID TECHNOLOGY & MANUFACTURING DAY State of the Art Powertrain Facility In-House at Lucid Arizona Factory Highly Automated Reduced Costs LUCID GROUP, INC. 149
Slide 150: Lucid Air
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Longest Range: 512 Miles Fastest Charging: 200 Miles In ~12 mins. Most Aerodynamic: 0.197 Cd Largest Frunk: 10 Cubic Feet Sapphire 0-60 Mph Under 1.89 Seconds Highest Power Sedan Ever: 1,234 Hp Most Awarded New American Luxury Vehicle Most Efficient: 5.
Slide 151: Lucid Air and Lucid Gravity
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Lucid Gravity Longest Range: 512 Miles Fastest Charging: 200 Miles In ~12 mins. Most Aerodynamic: 0.197 Cd Largest Frunk: 10 Cubic Feet Sapphire 0-60 Mph Under 1.89 Seconds Highest Power Sedan Ever: 1,234 Hp Most Awarded New American Luxury Vehicle Most
Slide 152: Lucid Air and Lucid Gravity
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Lucid Gravity Longest Range: 512 Miles Brand New SUV Platform Fastest Charging: 200 Miles In ~12 mins. Most Aerodynamic: 0.197 Cd Largest Frunk: 10 Cubic Feet Sapphire 0-60 Mph Under 1.89 Seconds Highest Power Sedan Ever: 1,234 Hp Most Awarded New Ameri
Slide 153: Lucid Air and Lucid Gravity
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Lucid Gravity Longest Range: 512 Miles Brand New SUV Platform Fastest Charging: 200 Miles In ~12 mins. Revolutionary Packaging 3 Rows 7 Seats Most Aerodynamic: 0.197 Cd Largest Frunk: 10 Cubic Feet Sapphire 0-60 Mph Under 1.89 Seconds Highest Power Seda
Slide 154: Lucid Air and Lucid Gravity
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Lucid Gravity Longest Range: 512 Miles Brand New SUV Platform Fastest Charging: 200 Miles In ~12 mins. Revolutionary Packaging 3 Rows 7 Seats Most Aerodynamic: 0.197 Cd Exceptional Interior Space And Legroom Largest Frunk: 10 Cubic Feet Sapphire 0-60 Mp
Slide 155: Lucid Air and Lucid Gravity
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Lucid Gravity Longest Range: 512 Miles Brand New SUV Platform Fastest Charging: 200 Miles In ~12 mins. Revolutionary Packaging 3 Rows 7 Seats Most Aerodynamic: 0.197 Cd Exceptional Interior Space And Legroom Largest Frunk: 10 Cubic Feet Unprecedented Pr
Slide 156: Lucid Air and Lucid Gravity
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Lucid Gravity Longest Range: 512 Miles Brand New SUV Platform Fastest Charging: 200 Miles In ~12 mins. Revolutionary Packaging 3 Rows 7 Seats Most Aerodynamic: 0.197 Cd Exceptional Interior Space And Legroom Largest Frunk: 10 Cubic Feet Unprecedented Pr
Slide 157: Lucid Air and Lucid Gravity
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Lucid Gravity Longest Range: 512 Miles Brand New SUV Platform Fastest Charging: 200 Miles In ~12 mins. Revolutionary Packaging 3 Rows 7 Seats Most Aerodynamic: 0.197 Cd Exceptional Interior Space And Legroom Largest Frunk: 10 Cubic Feet Unprecedented Pr
Slide 158: Lucid Air and Lucid Gravity
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Lucid Gravity Longest Range: 512 Miles Brand New SUV Platform Fastest Charging: 200 Miles In ~12 mins. Revolutionary Packaging 3 Rows 7 Seats Most Aerodynamic: 0.197 Cd Exceptional Interior Space And Legroom Largest Frunk: 10 Cubic Feet Unprecedented Pr
Slide 159: Lucid Air and Lucid Gravity
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Lucid Gravity Longest Range: 512 Miles Brand New SUV Platform Fastest Charging: 200 Miles In ~12 mins. Revolutionary Packaging 3 Rows 7 Seats Most Aerodynamic: 0.197 Cd Exceptional Interior Space And Legroom Largest Frunk: 10 Cubic Feet Unprecedented Pr
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Slide 161: Grow Lucid Air Sales
LUCID TECHNOLOGY & MANUFACTURING DAY Grow Lucid Air Sales LUCID GROUP, INC. 161
Slide 162: Lucid Air Sales
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Air Sales 2,394 1,967 1,734 Through 1,457 1,406 1,404 August 31,2024, we delivered more cars Q1 Q2 Q3 Q4 Q1 Q2 than in all of 2023 2023 2024 LUCID GROUP, INC. 162
Slide 163: Grow Lucid Air Sales; Manufacture & Scale Lucid Gravity
LUCID TECHNOLOGY & MANUFACTURING DAY Grow Lucid Air Sales Manufacture & Scale Lucid Gravity LUCID GROUP, INC. 163
Slide 164: Grow Air Sales; Scale Gravity; Scale Midsize
LUCID TECHNOLOGY & MANUFACTURING DAY Grow Lucid Air Sales Manufacture & Scale Lucid Gravity Manufacture & Scale Midsize LUCID GROUP, INC. 164
Slide 165: Lucid Saudi Arabia Factory | AMP-2 (CBU)
LUCID TECHNOLOGY & MANUFACTURING DAY Lucid Saudi Arabia Factory | AMP-2 (CBU) LUCID GROUP, INC. 165
Slide 166: Grow Air Sales; Scale Gravity and Midsize; License & Sell our Technology
LUCID TECHNOLOGY & MANUFACTURING DAY Grow Lucid Air Sales Manufacture & Scale Lucid Gravity Manufacture & Scale Midsize License & Sell our Technology LUCID GROUP, INC. 166
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